Tag: Bitcoin

$45B Asset Manager GoldenTree Has Reportedly Bought Bitcoin

GoldenTree Asset Management, a US asset management giant with $45B in AUM, has reportedly purchased portions of the primary cryptocurrency. The move aims to diversify some of the organization’s already existing strategies. Founded over two decades ago, GoldenTree is an asset manager headquartered in New York City with offices in numerous other important financial cities […]

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Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts

Automated Investment Service Firm Wealthfront Adds Support for Grayscale’s BTC, ETH Trusts

On Thursday, the Palo Alto-based automated investment service firm, Wealthfront Inc., announced that customers can now get exposure to crypto assets via the company’s platform. The firm revealed that clients can choose from two Grayscale investment trusts, as the company now offers investments in the Grayscale Ethereum Trust (ETHE) and the Grayscale Bitcoin Trust (GBTC). […]

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DeFi, smart contracts on PayPal’s radar as payments company looks to expand crypto footprint

DeFi, smart contracts on PayPal’s radar as payments company looks to expand crypto footprint

Comments from PayPal chief executive Dan Schulman during the payments firm’s second-quarter earnings call on Wednesday indicate an accelerating focus on cryptocurrency tech. Schulman said “we continue to be really pleased with the momentum we’re seeing on crypto,” according to a transcript of the call, nodding to the crypto offering’s expanded limits and the longer-term […]

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Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report

Global Cryptocurrency Adoption Doubled Since January Reaching 221 Million Users: Report

A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June. The report states that the rise of the defi movement, institutions like Tesla, Visa, Mastercard, and Microstrategy adopting cryptocurrency, and El Salvador establishing […]

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Are looming regulations putting an end to bitcoin’s ‘Wild West’ days?

Are looming regulations putting an end to bitcoin’s ‘Wild West’ days?

  Signs point to the looming specter of regulation slowly bringing the days of bitcoin and crypto’s “Wild West” to an end. The only question, perhaps, is if not now, then when? “We’re getting to a boiling point,” The Block’s Aislinn Keely told The Scoop. On this policy report episode of The Scoop, host Frank […]

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Visa says crypto purchases during this spring’s price peak boosted cross-border volumes during fiscal Q3

Visa says crypto purchases during this spring’s price peak boosted cross-border volumes during fiscal Q3

Earnings data from Visa indicates that this spring’s peak in the price of bitcoin and other cryptocurrencies had an impact on the payments giant’s cross-border transaction volume. The “bump” in volume was discussed during this week’s fiscal third-quarter earnings call with Visa executives.  As Vasant Prabhu, Visa’s CFO, noted during the call (per a transcript) […]

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Report Suggests Robinhood Owns Largest Dogecoin Address and Third-Largest BTC Wallet

Report Suggests Robinhood Owns Largest Dogecoin Address and Third-Largest BTC Wallet

Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest […]

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Bitcoin’s Back to $40K, Millions of Shorts Liquidated: The Weekly Crypto Recap

After weeks of prolonged consolidation and choppy sideways action in a very squeezed and narrow range, Bitcoin finally broke out. Fortunately, it was to the upside. Over the past week, BTC is up by a considerable 20%. At the time of this writing, it’s trading at around $39K, having pulled back slightly from the psychological […]

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IMF warns against adoption of crypto as legal tender

The organisation said the adoption of crypto as legal tender could bring volatility and macroeconomic instability. It called the move “a step too far” and “an inadvisable shortcut.” The International Monetary Fund (IMF) has issued a warning against countries using cryptocurrencies as a legal tender. This follows El Salvador’s recent move to pass a bill […]

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